Business Taxation Accounting & Consulting Services - Btacs
Accounting Services in Brisbane

Our aim is always simple: to find the best way to build and secure your wealth. Through the provision of tax planning and general investment advice, plus business planning and mentoring for small to lenient businesses that are looking to grow. Here at BTACS, we specialism in helping both individuals and little to moderate enterprise (ME). We pride ourselves on our combination of high quality service and competitive rates, both of which you’ll soon discover when you get in touch. We strive to comprehend you and your unique situation, as well as the rules and regulations that impact you and your business. This depth of understanding is what allows us to produce you with a more complete and cherished service. Our degree suited professional accountants are bound by CPA Australia standards, including at minimum 40 hours per year of continuing professional training, so that we are up to date with changes in the law, which means you can feel confident knowing that your finances are in the best hands. All labor with our company is reviewed by a partner who holds a Public Practice Certificate from CPA Australia, earlier to being dispatched to you. Through our innovative use of new technology and practices, we are capable to provide the results you’re looking for quickly. The same unused innovations that keep us time also save you money. We can even automate your bookkeeping to preserve you more time and money. Using Fee From Refund, we can lodge your tax return with no upfront fee. If there should ever be any mistake made by us, we will fix it at our expense. We will identify any opportunities in order to ensure that taxes are the minimum allowable below the law and profits are able to be maximized. At BTACS, our focus is you we’re dedicated to active with you to achieve your financial goals, whatever they might be.

BTACS has the experience and qualifications to help you in all your taxation needs ensuring you conform with taxation law while minimizing your taxation obligations. Financial statements are a formal record of the financial activities of a business for a given period, usually a financial year. Do you have family and friends in business that would earnings from being a BTACS business client? A business client is a person or entity that requires the completion of financial statements. The purpose of financial statements is to yield information about the financial position, performance and changes in financial position of a business. We at BTACS can yield Financial Statements for your business. Depreciation is a non cash deduction this means that you are capable to claim a tax deduction without incurring any cost. However, construction costs are not depreciating assets. Claiming construction costs as a decline in value of depreciating riches deduction instead of a capital works deduction. For example, if your holiday home is old by you, your friends or your relatives release of charge for piece of the year, you are not entitled to a deduction for costs incurred during those periods. If you claim your borrowing expenses as a deduction, you cannot include them in your cost base for capital gains tax purposes when you dispose of the property. If you buy a rental property as a co owner and are not carrying on a rental property business, you must segregate the income and expenses for the rental property in line with your legal interest in the property. As accountants we look at the structure of the assets and how they can be passed onto the beneficiaries in a tax effective manner, while as financial planners we look at the funding of the estate through superannuation and insurances. Rental Property Expenses you can remove in the income year incurred Generally you can claim an immediate deduction for expenses related to the management and maintenance of the property, including interest on loans. Share of net insignificant business income from a partnership or trust. Use the Insignificant business income tax offset calculator to labor out the amounts you need to include in your tax return. Expenses include running costs and decline in value but not capital costs, such as the buy price of your car, the principal on any money borrowed to purchase it and any improvement costs. This means that in determining whether the instant asset write off applies, you receive into account the stuffed cost of the asset, but your deduction is limited to an estimate of how much you use the asset in earning asses sable income. One normal mistake holiday rental property owners make is to assume that because they are personally using the property, depreciation cannot be claimed. A specialist Quantity Surveyor can produce a tax depreciation schedule which is based on the part of a year a property is available for rent, so it is superior to seek advice on what deductions can be claimed before making any purchase decisions. The lower table provides an example of the difference that claiming depreciation on a 16,00 furniture p